Wellness

[Kachina624]

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@gidgetgh wrote:

We have a cancer policy with Aflac. Last year, when my husband was diagnosed with colon cancer, they paid us $18,000. 

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@gidgetgh   Was this payment for living expenses or treatment?   Most people have health insurance to cover treatment.   If it's sent to you to use as you wish,  it really has nothing to do with paying medical bills. 

[MomCat]

I've always paid extra for this insurance.  It's not much.  There is a cap on most insurances for more expensive treatments, so this insures you for any costs that go over that. 

[Mmsfoxxie]

If I knew that my current premium would stay what it is now, I'd consider adding it but after my COBRA umbrella is gone, I expect my premium will go up a lot.  The price I was quoted was $16.00 a month.

[gidgetgh]

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@Kachina624 wrote:

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@gidgetgh wrote:

We have a cancer policy with Aflac. Last year, when my husband was diagnosed with colon cancer, they paid us $18,000. 

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@gidgetgh   Was this payment for living expenses or treatment?   Most people have health insurance to cover treatment.   If it's sent to you to use as you wish,  it really has nothing to do with paying medical bills. 

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@Kachina624- they have charts. If you have colon cancer, they pay you a certain amount. If you have another type, then they pay a specific amount for that. They pay something if you have a ct scan or colonoscopy. They pay if you have blood transfusions, chemo, etc. they pay a certain amount if you have anesthesia and they pay if you have surgery.  They pay you if you had to take an ambulance. They pay a per diem for each day spent in the hospital and each day spent in a rehab center. There's a whole list of things they pay you for and the amount associated for each.  They also pay some if you have to travel for treatment. 

All payments are made to the policy holder. You can do whatever you want with the money. Pay bills, travel to Europe, whatever. 

The Aflac policy also pays for certain well care procedures. Every year, they pay me $75 for having a mammogram. 

[Katyq]

My friend is in her 3rd year of cancer treatment. Although she had health insurance, she would have been in a really bad financial position without cancer insurance. I think it replaced her salary ( or part of it), and also covers some of the medical expenses.

[terrier3]

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@MomCat wrote:

I've always paid extra for this insurance.  It's not much.  There is a cap on most insurances for more expensive treatments, so this insures you for any costs that go over that. 

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The ACA eliminated the cap. This insurance is no longer necessary.

[151949]

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@terrier3 wrote:

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@MomCat wrote:

I've always paid extra for this insurance.  It's not much.  There is a cap on most insurances for more expensive treatments, so this insures you for any costs that go over that. 

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The ACA eliminated the cap. This insurance is no longer necessary.

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What happens if, like me, the insurance refuses to pay for an experimental treatment? If i had not had the means to pay for it , I would not have been able to get it, because we were refused a grant due to having too much money.

[Laura14]

I have cancer and critical care (heart disease/stroke) insurance through Colonial Life.  They don't cost very much and pay a wellness benefit which pays you money if you go do your annuals.  As someone else said, they cover the incidentals including travel and other treatments, after care, etc which may not be covered or not covered completely by your major medical coverage.  It's supplementary insurance to help cover the financial gaps in case, god forbid, you ever need it.   

[Tinkrbl44]

I can clarify ..... I was an Aflac agent for 15 years, and also still have a Cancer policy.   

The policy pays cash benefits that can be used as you wish ... for medical expenses, mortgage payments, etc etc.   This policy pays not only upon diagnosis of internal cancer with a hefty lump sum, but also pays based on tests and treatment you undergo, going forward

One of the reasons this has been such a popular policy is that when a spouse is diagnosed, oftentimes the other spouse takes time off from work to care for them, which means one illness can compromise two paychecks.   That's why the Aflac cash coming in can be so necessary to keep them going financially.

Happy to answer any other questions ...  and hope this helps.

Tink

[Tinkrbl44]

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@Mmsfoxxie wrote:

Has anybody ever got a letter from their health insurance company offering cancer insurance?  I got one yesterday and it freaked me out.  It had the scare tactic to it..."one in three people will have cancer and won't be able to afford medical services"!  What?  I thought I had all of the insurance necessary.  If I dwell on the 'what ifs' of life, I wouldn't have an extra penny.

I have Medicare and supplemental insurance, Plan F.  And drug insurance.  Isn't that all that most people have?i

Those statistics are correct.  

However, if you are retired and on Medicare, then you are also receiving Social Security, at the very least.   Supplemental insurance policies are for the earning years, when a catastrophic illness could deplete savings and retirement funds, leaving a person with nothing when they retire. HTH